After Delhi, it is the turn of Shimla to introduce the odd-even scheme for vehicles in order to manage the problems of traffic jams and road congestion in its roads. There is also a proposal to widen the circular road of the city to get rid of the excessive traffic

Banking and Finance

Dr Indrajit Coomarswamy has beel appointed as the new governor of the Central Bank of Sri Lanka by the president Mathiripala Sirisena. He succeeds Arjuna Mahendran, who resigned recently on the wake of protests by civil society as well a political class regarding issuance of bonds in the country

German Financial watchdog Bafin has decided to open a corporate whistleblower hub in the country in order to encourage more people to come forward and expose wrongdoing in the corporate sector of the country

Reliance Industries Limited has signed a shareholders’ agreement with SBI in order to set up payments bank in India. The JV will be owned 70 percent by RIL whereas the rest of the shares will be owned by SBI

GK and World Affairs

In a first for the country, the National Disaster Response Force Personnel have sensitized 1 lakh people in the country about disasters in order to ensure better preparedness and quicker response. This feat was achieved in June 2016 when trainers of NDRF reached 482 villages across the country to do this

The first ever insurance policy covering all the nuclear power plants in the country has been issued to Nuclear Power Corporation of India Limited as per the announcement of the Central Government. The policy has a risk cover of Rs 1500 crore against nuclear accident related claims according to the civil nuclear liability rules and the premium was around Rs 100 crore. It is to be managed by GIC Re and the policy has been issued by the largest non-life insurer in the country New India Assurance Company Limited

Elie Wiesel, the Holocaust surviving author has died at the age of 87 in USA. He won the Nobel Prize in literature in 1986 for his writings on the manslaughter of 6 million Jews during the WW II by the Germans. He is also the conscience keeper of that event after no body stood up to write about the event that is still considered as one of the largest human

The biggest oil refinery of India is going to come up in the west coast and will be developed by IOC, BPCL, HPCL and EIL. The refinery will cost around Rs 2 lakh crore and will take two years to be developed. Being on the West Coast, the refinery will cater to oil imports from Middle East, Latin America, African countries very easily

Lewis Hamilton of Mclaren-Mercedes has won the Austrian GP F1 race on Sunday. With this, he narrowed the gap with leader Nico Rosberg with the same constructor to 11 points

Saudi Arabia has become the 39th full time associate member of the International Cricket Council at its meeting in Edinburgh. The country has been an affiliate member of ICC since 2013 and as per census 2014, has 4350 cricketers and 80 facilities in the country

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